GOLD - USD

- USD (-)

- Real time data - Gold & Silver Spot

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Type:	Commodities
Ticker:	XAUUSD
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GOLD - USD - 1H - Technical analysis published on 01/02/2025 (GMT)

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Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 2,634.45 USD

My targets

2,672.68 USD (+1.07%)

2,718.86 USD (+2.82%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GOLD - USD as long as the price remains well above 2,634.45 USD. The buyers' bullish objective is set at 2,672.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,718.86 USD. If there is any crossing, the next objective would be the resistance located at 2,785.43 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bibi. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLD - USD rating 2,644.33 USD. On the day, this instrument gained +0.78% and was traded between 2,622.85 USD and 2,646.38 USD over the period. The price is currently at +0.82% from its lowest and -0.08% from its highest.

2,622.85

2,646.38

2,644.33

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GOLD - USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,627.58	2,634.45	2,639.17	2,644.33	2,672.68	2,718.86	2,785.43
Change (%)	-0.63%	-0.37%	-0.20%	-	+1.07%	+2.82%	+5.34%
Change	-16.75	-9.88	-5.16	-	+28.35	+74.53	+141.10
Level	Minor	Intermediate	Intermediate	-	Minor	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,617.48	2,619.62	2,621.73	2,623.87	2,625.98	2,628.12	2,630.23
Camarilla	2,622.67	2,623.06	2,623.45	2,623.84	2,624.23	2,624.62	2,625.01
Woodie	2,617.47	2,619.61	2,621.72	2,623.86	2,625.97	2,628.11	2,630.22
Fibonacci	2,619.62	2,621.24	2,622.25	2,623.87	2,625.49	2,626.50	2,628.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,573.86	2,591.02	2,604.86	2,622.02	2,635.86	2,653.02	2,666.86
Camarilla	2,610.19	2,613.03	2,615.87	2,618.71	2,621.55	2,624.39	2,627.24
Woodie	2,572.21	2,590.19	2,603.21	2,621.19	2,634.21	2,652.19	2,665.21
Fibonacci	2,591.02	2,602.86	2,610.18	2,622.02	2,633.86	2,641.18	2,653.02

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,419.53	2,501.39	2,562.59	2,644.45	2,705.65	2,787.51	2,848.71
Camarilla	2,584.46	2,597.57	2,610.69	2,623.80	2,636.91	2,650.03	2,663.14
Woodie	2,409.21	2,496.23	2,552.27	2,639.29	2,695.33	2,782.35	2,838.39
Fibonacci	2,501.39	2,556.04	2,589.80	2,644.45	2,699.10	2,732.86	2,787.51

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	81.90
MACD (12,26,9):	5.5100
Directional Movement:	20.45
AROON (14):	78.57
DEMA (21):	2,637.61
Parabolic SAR (0,02-0,02-0,2):	2,631.13
Elder Ray (13):	6.01
Super Trend (3,10):	2,625.62
Zig ZAG (10):	2,642.55
VORTEX (21):	1.1200
Stochastique (14,3,5):	84.55
TEMA (21):	2,639.98
Williams %R (14):	-17.67
Chande Momentum Oscillator (20):	18.34
Repulse (5,40,3):	0.3300
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.95

MA7:	2,623.59
MA20:	2,638.02
MA50:	2,657.61
MA100:	2,623.39
MAexp7:	2,636.55
MAexp20:	2,630.54
MAexp50:	2,624.10
MAexp100:	2,621.79
Price / MA7:	+0.79%
Price / MA20:	+0.24%
Price / MA50:	-0.50%
Price / MA100:	+0.80%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.52%
Price / MAexp50:	+0.77%
Price / MAexp100:	+0.86%

Quotes : - Real time data - Gold & Silver Spot

News

Don't forget to follow the news on GOLD - USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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